Trump Shares Powell ‘Trash Can Fall’ Image, Says Rates Are Too High

Donald Trump criticized high U.S. interest rates by posting a social media image targeting Federal Reserve Chair Jerome Powell. According to Yonhap News Agency, Trump shared a picture depicting Powell as ‘falling into a trash can’ and delivered a message saying interest rates are too high. The post marks another public instance of Trump taking issue with the Fed’s rate level. The original report did not provide specific numerical data, but the focus was clearly on Powell and the current level of interest rates. Markets and policymakers are expected to watch whether Trump’s pressure on the Federal Reserve adds momentum to the rate debate. Source: Yonhap News Agency.